The Hong Kong Special Administrative Region Census and Statistics Department announced on the 9th that Hong Kong’s inward direct investment stocks by market value in 2009 increased by 14.8% year-on-year to HK$7262.1 billion, equivalent to 445% of the GDP of the year. Even the plastics opened lower and higher today, closing up 0.3%. At 15 o'clock, the warehouse receipts fell again and the China Plastics Index fell 3.82 points to close at 1072.32 points.
The warehouse receipts index opened slightly lower in early trading this morning and showed a narrow range of fluctuations throughout the day. As of the close, the China Plastics Index closed at 1021.21 points, down 4.92 points or 0.48% from the previous trading day. Volume of 1,136 batches reported a slight rebound from the previous trading day, with 2,379 batches of orders.
Today's domestic petrochemical offer, PVC part of the brand fell 50-300 yuan / ton, PE part of the brand fell 100-300 yuan / ton. In the spot market, Yuyao Plastics Market quoted raw material prices, some PP grades were adjusted at a rate of RMB 100 per ton, some PE grades were down RMB 100 per ton, and individual PVC grades (WS-800S/Shangfengshenfeng) were down RMB 50/t. PS individual grades (666D/Yanshan Petrochemical) fell 100 yuan/ton. At 15 o'clock, the China Plastics Spot Index reported 1210.15 points, down 2.41 points from the previous trading day.
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